Two-Story Mixed-Use Corner
For Sale
$4,600,000
2281 Church Ave, Brooklyn, NY 11226
COMMERCIAL - Brooklyn, NY
Property Size11,828 SF
Lot Size0.14 Acres
Price / SF$388.91
Days on Market9
Property Features for 2281 Church Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Mixed Use
High school district
000000
Standard status
Active
APN
05089-0048
Lot size
0.14 Acres
Utilities
Heating system
Oil
Building Details
Year built
1931
Floors in Building
2
Listing Agency:
MYC & ASSOCIATES INC
Listed By:
Marc Yaverbaum
Added: Jul 24
Changed: Jul 30
Last Checked: Aug 1 at 9:06AM
MLS# 11902018
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
2281 Church Ave is a two-story mixed-use property on a +/-6,392 SF corner lot (63.92' x 100') in the Flatbush section of Brooklyn. The building is improved with a total of +/-12,000 leasable area evenly distributed over two stories, with seven (7) retail stores on the ground floor and one (1) unit on the second floor. A full basement with 11' clearance in the ceiling provides additional leasing flexibility.
The property is zoned C4-4A / R7A, with a max FAR of 4 and max buildable area of +/-25,000 SF. The corner location in a retail corridor supports redevelopment considerations, including an additional +/-13,700 SF of GLA based on the designated zoning. Further redevelopment opportunities of +/-50,0000 SF may be possible with acquisition of the air rights from the neighboring Church or Post Office.
All units are separately metered for electric and gas, with oil heat. The building includes an approximately 1,500 gl above ground tank. The building is currently occupied with the exception of one (1) retail unit on the Bedford Avenue side of the building. Built in 1931, the property is offered as an as-is, where-is sale, free and clear of liens, subject to Bankruptcy Court approval.
The property is zoned C4-4A / R7A, with a max FAR of 4 and max buildable area of +/-25,000 SF. The corner location in a retail corridor supports redevelopment considerations, including an additional +/-13,700 SF of GLA based on the designated zoning. Further redevelopment opportunities of +/-50,0000 SF may be possible with acquisition of the air rights from the neighboring Church or Post Office.
All units are separately metered for electric and gas, with oil heat. The building includes an approximately 1,500 gl above ground tank. The building is currently occupied with the exception of one (1) retail unit on the Bedford Avenue side of the building. Built in 1931, the property is offered as an as-is, where-is sale, free and clear of liens, subject to Bankruptcy Court approval.
Key Highlights
- +/ -6,392 SF corner lot (63.92' x 100') for a two‑story mixed‑use building
- Zoned C4‑4A / R7A with max FAR of 4 and max buildable area of +/-25,000 SF
- Seven (7) retail stores on the ground floor plus one (1) unit on the second floor
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $440.0k | $37.20 |
| − Vacancy | −$78.3k | −$6.62 |
| EGI | $361.7k | $30.58 |
| − OpEx | −$90.4k | −$7.64 |
| NOI | $271.3k | $22.93 |
11,828 SF · lease $37.20/SF/yr · vacancy 17.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.88M
$3.39M – $4.52M
NOI $271,261 @ 7.0% cap · market cap 5.90%
Second Best
Mixed Use
$3.75M
$3.28M – $4.38M
NOI $262,582 @ 7.0% cap · market cap 5.71%
Theoretical Best
Office A
$5.85M
$5.12M – $6.82M
NOI $409,230 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5,596
Businesses Nearby
Explore this area
Business Placement
Demographics for 11226, NY
101,727
Population
42,618
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
86%
High-School Grad
1.3 sq mi
ZIP Area
78,252
Density / Sq Mi
$81,084
Median Household Income
$49,892
Median Earnings
$1,751
Median Rent
$866,300
Median Home Value
Market
Properties on Market for Mixed-use properties in Brooklyn
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-story mixed-use property with a corner lot and oil heat, currently leased with one retail unit available.
Where is this mixed-use property located?
The property is located at 2281 Church Ave Brooklyn, NY.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: +/ -6,392 SF corner lot (63.92' x 100') for a two‑story mixed‑use building; Zoned C4‑4A / R7A with max FAR of 4 and max buildable area of +/-25,000 SF; Seven (7) retail stores on the ground floor plus one (1) unit on the second floor
